The unemployment insurance fund (UIF) is a compulsory scheme that provides unemployment benefits to employees who become unemployed as a result of retrenchment, dismissal or death. It was established in 1974 under the Unemployment Insurance Act and amended in 2002 by the Unemployment Insurance Amendment Act.

The following are the UIF contribution rates for employers:

• Employers in the private sector with more than 50 employees, the rate is 2% of your employee’s monthly salary and this is declared by the employer to be paid monthly on or before the 15th day of the month.
• Schools and colleges that pay each employee an annual amount not less than N$45 000, they are required to contribute at a rate of 1%.
• Public institutions with less than 50 employees, their UIF contributions rate is 0.5%, but this applies only to employees whose annual remuneration does not exceed N$45 000 (excluding benefits).